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US close: Stocks higher ahead of tech earnings

By Iain Gilbert

Date: Monday 22 Apr 2024

US close: Stocks higher ahead of tech earnings

(Sharecast News) - Wall Street stocks were in the green at the close of trading on Monday as market participants looked ahead to key earnings from a number of major tech firms.

At the close, the Dow Jones Industrial Average was up 0.67% at 38,239.98, while the S&P 500 advanced 0.87% to 5,010.60 and the Nasdaq Composite saw out the session 1.11% firmer at 15,451.31.

The Dow closed 253.58 points higher on Monday, extending gains recorded in the previous session.

Tech earnings will be the flavour of the week this time around, with electric vehicle manufacturer Tesla, Facebook parent company Meta Platforms, software giant Microsoft, iPhone maker Apple, chipmaker Intel, and Google owner Alphabet all slated to report in the week ahead.

On the macro front, the Chicago Federal Reserve's national activity index rose to 0.15 in March, up from an upwardly revised reading of 0.09 for February and beating expectations for a 0.09% reading for the highest reading since November 2023.

Later in the week, GDP numbers will be out on Thursday, while the Commerce Department will publish its March personal consumption expenditure price index numbers, the Federal Reserve's preferred inflation gauge, on Friday.







Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Goldman Sachs Group Inc. (GS) $417.31 3.30%
JP Morgan Chase & Co. (JPM) $189.41 1.94%
Procter & Gamble Co. (PG) $160.54 1.52%
McDonald's Corp. (MCD) $275.58 1.32%
Salesforce.Com Inc. (CRM) $273.81 1.27%
Chevron Corp. (CVX) $162.03 1.20%
Amgen Inc. (AMGN) $271.91 1.11%
Walmart Inc. (WMT) $60.14 1.02%
Visa Inc. (V) $272.33 0.95%
Merck & Co. Inc. (MRK) $126.94 0.92%

Dow Jones - Fallers

Verizon Communications Inc. (VZ) $38.60 -4.67%
Unitedhealth Group Inc. (UNH) $491.23 -1.98%
Walt Disney Co. (DIS) $111.99 -0.55%
Cisco Systems Inc. (CSCO) $48.14 -0.37%
Nike Inc. (NKE) $94.19 -0.36%
Walgreens Boots Alliance, Inc. (WBA) $18.22 -0.11%
Dowdupont Inc. (DWDP) $0.00 0.00%
Travelers Company Inc. (TRV) $214.27 0.09%
International Business Machines Corporation (CDI) (IBM) $181.86 0.18%
Home Depot Inc. (HD) $335.95 0.22%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $1.37 10.08%
Kohls Corp. (KSS) $24.70 6.51%
Ford Motor Co. (F) $12.88 6.10%
United Airlines Holdings Inc (UAL) $53.94 4.98%
Nvidia Corp. (NVDA) $795.18 4.35%
CenturyLink Inc. (LUMN) $1.36 3.82%
DaVita Inc (DVA) $132.51 3.68%
Zions Bancorporation (ZION) $41.29 3.44%
Truist Financial Corp. (TFC) $38.06 3.42%
Apartment Investment & Management Co. (AIV) $8.10 3.32%

S&P 500 - Fallers

Cardinal Health Inc. (CAH) $102.83 -4.95%
Verizon Communications Inc. (VZ) $38.60 -4.67%
Newmont Corporation (NEM) $37.46 -4.00%
Perrigo Company plc (PRGO) $30.06 -2.40%
Hanesbrands Inc. (HBI) $4.55 -2.15%
Unitedhealth Group Inc. (UNH) $491.23 -1.98%
Advance Auto Parts (AAP) $77.22 -1.87%
Helmerich & Payne Inc. (HP) $41.28 -1.74%
International Paper Co. (IP) $34.76 -1.72%
Dollar General Corp (DG) $142.78 -1.36%

Nasdaq 100 - Risers

JD.com, Inc. (JD) $26.99 5.80%
Nvidia Corp. (NVDA) $795.18 4.35%
Vodafone Group Plc ADS (VOD) $8.62 3.36%
Seagate Technology Plc (STX) $85.18 3.30%
American Airlines Group (AAL) $14.53 2.98%
Trip.com Group Limited (TCOM) $49.33 2.76%
Wynn Resorts Ltd. (WYNN) $97.48 2.62%
Texas Instruments Inc (TXN) $163.43 2.35%
Baidu Inc. (BIDU) $97.24 2.30%
Microchip Technology Inc. (MCHP) $83.53 2.26%

Nasdaq 100 - Fallers

Qurate Retail Inc. (QRTEA) $0.96 -3.54%
Tesla Inc (TSLA) $142.05 -3.40%
Liberty Global plc Series C (LBTYK) $17.03 -2.07%
Liberty Global plc Series A (LBTYA) $16.45 -1.82%
Incyte Corp. (INCY) $51.89 -0.88%
Take-Two Interactive Software Inc. (TTWO) $139.94 -0.47%
DENTSPLY Sirona Inc. (XRAY) $30.37 -0.43%
Cisco Systems Inc. (CSCO) $48.14 -0.37%
Dollar Tree Inc (DLTR) $121.60 -0.35%
Fastenal Co. (FAST) $67.38 -0.28%

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